In 2011-12, 24 of the largest MFIs in India declined by 21% during the year, and
by 30% relative to October 2010

CRILEX the M-CRIL India MFI Growth Index

M-Cril24, March 2003=100

CRILEX the M-CRIL India MFI Growth Index, a composite index of growth of microfinance
institutions in India uses information on the numbers of borrowers and the size
of loan portfolio of the 24 largest MFIs (each with more than 100,000 active borrowers).
It adjusts the borrower numbers for multiple lending using conservative estimates
for this phenomenon by M-CRILs analysts see below.

M-CRIL India Indices of Microfinance 2012 M-CRIL hereby announces the release of 'M-CRIL India Indices of Microfinance 2012'
This release contains measures of the performance of 24 of the largest MFIs in the country. It shows that the Indian MFI sector declined by 21% during 2011-12 and as much as 30% since the beginning of the crisis in October 2010. Nevertheless, MFIs with no operations in AP are still doing reasonably in terms of portfolio quality.
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